The World Bank withdrew its recommendation on taxing monthly salaries below Rs 50,000.
The World Bank says its recommendation was based on 2019 data, which needs to be updated in light of recent inflation and labor market conditions, and does not recommend any reduction in the existing taxable slab limit. would do
The World Bank added that according to FBR data, the backward salaried class paid more taxes than the wealthiest exporters, the real estate sector, in combined taxes paid in 3 months.
A World Bank spokesperson, reacting to the media, said that the World Bank does not recommend any specific new level of income tax exemption.
The World Bank has also suggested conducting a fresh survey to assess the level and said that appropriate changes in tax thresholds should be assessed based on the new survey data.
setTimeout(function(){
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window,document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘836181349842357’);
fbq(‘track’, ‘PageView’);
}, 6000);
/*setTimeout(function(){
(function (d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.11&appId=580305968816694”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
}, 4000);*/